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Last Updated : May 07, 2019 07:27 PM IST | Source: Moneycontrol.com

Capgemini and Majesco become alliance partners

Relationship to bring insurance innovation and business transformation to the Life & Annuity and Group insurance market

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Capgemini today announced it has signed an alliance partner agreement with Majesco, a core insurance software provider for insurance business transformation. In the agreement, Capgemini will bring its extensive insurance innovation, customer service and digital capabilities to implementations of the Majesco Life & Annuity (L&A) and Group Core Suite for insurance carriers in the life, annuity, group, worksite, and voluntary benefits market, helping them to achieve speed to value.

“Disruption is creating unprecedented growth and innovation opportunities in the insurance industry,” said Seth Rachlin, Chief Innovation Officer for Insurance, at Capgemini. “Customer expectations are moving insurers rapidly to a new generation of digitally superior insurance which requires continuous innovation to acquire and retain customers, introduce products faster, improve efficiency, and reduce costs.”

Capgemini already has implementations underway of the Majesco L&A and Group Core Suite, which includes policy, billing, and claims modules. Capgemini is teaming with Majesco to provide business and systems transformation capabilities along with implementation, integration, conversion, and testing services to group and individual insurers.

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Additionally, Capgemini will bring its insurance expertise, ecosystem, and InsurTech partnerships to an upcoming L&A and group platform offering with Majesco L&A and Group Core Suite at its heart. The platform will allow insurers to become “Open Insurers” that leverage API and services architectures to rapidly build a digital ecosystem to overcome legacy system setbacks.

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First Published on May 7, 2019 07:27 pm
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